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You are likely to require an undergraduate degree in economics or a related subject, such as statistics, mathematics, business studies or finance and accounting. Some employers may require you to hold a postgraduate master's degree in economics. Find out what the entry requirements are where you live.
The national average salary for economists is $101,813 per year , but the salary you may earn depends on factors like your education, experience level and employer. Some geographical areas also pay economists more than others.
Yes, economists typically make a lot of money. While there is a wide range of roles with different salary levels, most economists make at least $100,000 in a year.
Last updated on September 6, 20231, the BLS reports that the number of positions for economists from 2022 through 2032 is expected to grow at a rate of 6% over the decade. This is roughly twice as fast as the economy-wide average; the BLS states that ?The average growth rate for all occupations is 3 percent?.
Approximately one-third of all economists are employed by the government. Financial Institution Examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.
Economists earn an average yearly salary of $105,090. Wages typically start from $63,730 and go up to $147,650.
Economist Salaries Job TitleSalaryFederal Reserve Board Economist salaries - 195 salaries reported$114,814/yrThe World Bank Economist salaries - 111 salaries reported$121,937/yrUS Bureau of Economic Analysis Economist salaries - 99 salaries reported$104,820/yrAmazon Economist salaries - 94 salaries reported$182,356/yr16 more rows
The average Economist Group salary ranges from approximately $58,944 per year for a Marketing Associate to $133,476 per year for a Business Development Manager. The average Economist Group hourly pay ranges from approximately $53 per hour for an Economist to $53 per hour for an Economist.